BTCUSD – MARKET BREAKDOWN – 21. NOVEMBER 2018

PSYCHOLOGY
Price was dropping slowly over the past 300 days with a few pullbacks to the upside to fill the market with greed and emotions (New Positions/Investors),
slowly forming new lows with every moved waved, biggest manipulations we´ve ever seen! A lot of politicians got arrested accross the world
spreading a lot of bad news about cryptos and selling the dips.
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In my view we got the last big bearish run in this market taking out last long holders and investors.
A lot of bad news will be spread across the world (news) and social media now, people selling their Cryptos, banks will start to buy now!
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As big as the hype was the Psychological depression-Phase is even bigger now, people loose all their hope and get out the market.

1 HOUR
Incredible bearish price movement and run breaking several lows with the only
shortterm reaction at 4500€ Support Level and previous Highs!